Global Business Travel Group, Inc. (GBTG) – What Are Investment Firms Saying About This Stock?

Global Business Travel Group, Inc. (NYSE:GBTG) has been given an average recommendation of “Hold” by the eight analysts that are covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $8.90.

Several research analysts have recently commented on GBTG shares. Weiss Ratings restated a “hold (c-)” rating on shares of Global Business Travel Group in a research note on Wednesday, August 12th. BTIG Research reaffirmed a “neutral” rating on shares of Global Business Travel Group in a research note on Wednesday, September 30th.

Global Business Travel Group Stock Performance

Shares of GBTG stock opened at $9.50 on Monday. Global Business Travel Group has a fifty-two week low of $4.95 and a fifty-two week high of $9.56. The stock’s 50-day moving average is $9.47 and its two-hundred day moving average is $8.67. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $4.96 billion, a P/E ratio of 55.88 and a beta of 0.93.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). Global Business Travel Group had a net margin of 2.77% and a return on equity of 2.47%. The firm had revenue of $870.00 million for the quarter, compared to analyst estimates of $810.60 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. The firm’s quarterly revenue was up 37.9% compared to the same quarter last year. Analysts predict that Global Business Travel Group will post 0.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Global Business Travel Group news, insider Eric Bock sold 64,780 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $9.46, for a total value of $612,818.80. Following the completion of the sale, the insider owned 699,177 shares of the company’s stock, valued at $6,614,214.42. The trade was a 8.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Karen Williams sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $9.43, for a total value of $188,600.00. Following the sale, the chief financial officer owned 548,257 shares of the company’s stock, valued at approximately $5,170,063.51. This trade represents a 3.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 777,442 shares of company stock valued at $7,333,521 over the last quarter. Insiders own 5.40% of the company’s stock.

Hedge Funds Weigh In On Global Business Travel Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. boosted its holdings in shares of Global Business Travel Group by 90.3% during the 1st quarter. Sei Investments Co. now owns 343,833 shares of the company’s stock worth $1,919,000 after buying an additional 163,173 shares during the period. Attestor Capital Ltd acquired a new position in Global Business Travel Group during the 4th quarter worth $67,917,000. Lazard Asset Management LLC lifted its position in Global Business Travel Group by 439.0% during the 1st quarter. Lazard Asset Management LLC now owns 545,145 shares of the company’s stock worth $3,042,000 after acquiring an additional 444,003 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in Global Business Travel Group by 720.9% during the first quarter. Quantinno Capital Management LP now owns 208,118 shares of the company’s stock valued at $1,161,000 after acquiring an additional 182,765 shares during the period. Finally, Carmignac Gestion bought a new stake in Global Business Travel Group during the second quarter valued at about $2,972,000. Institutional investors and hedge funds own 82.46% of the company’s stock.

Global Business Travel Group Company Profile

Global Business Travel Group, Inc (NYSE: GBTG) is a corporate travel management company that provides technology, services and consulting to organizations and their business travelers. The company helps clients plan, book and manage business trips, while supporting travel policy compliance, traveler safety, expense visibility and program optimization.

Its offerings include business travel booking and servicing, travel management solutions, meetings and events services, and data-driven consulting.